ALBERT C. RITCHIE, GOVERNOR. 43

SEC. 3. And be it enacted, That this Act shall take effect
from and after June 1, 1920.
Approved March 5, 1920.

CHAPTER 18.

AN ACT to repeal Section 971 of Article 21 of the Code of
Public Local Laws of Maryland, title "Talbot County,"
sub-title "Easton," as amended by Chapter 406 of the
Acts of the General Assembly of Maryland of 1912, and
to re-enact the same with amendments.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 971 of Article 21 of the Code of Public
Local Laws of Maryland, title "Talbot County," sub-title-
"Easton," as amended by Chapter 406 of the Acts of the
General Assembly of Maryland of 1912, be, and the same
is. hereby repealed and re-enacted with amendments so as to
read as follows:

971. The bonds of the town issued for improvements or
public utilities, as in this Act provided, shall be for sums not
less than one hundred nor more than one thousand dollars,
each to be signed by the Mayor and countersigned by the
town clerk, with the corporate seal of the town affixed thereto,
and if registered bonds be issued said bonds shall be registered
by the town clerk in a book specially provided for the pur-
poser; all such bonds shall be issued at such time after their
authorization as the Mayor and Council shall determine; shall
bear interest at not more than five per centum per annum,
payable semi-annually at such place as the Mayor and Coun-
cil shall designate, shall be exempt from all taxation for
State, county and municipal purposes; shall have printed on
them a distinct reference to the ordinance authorizing their
issue and a statement that the proposition for their issue has
been legally approved by the qualified voters of the town;
shall have approximately denominated on them some desig-
nation or words to indicate the purpose for which they are
issued, and shall be sold for not less than the par value there-
of all such bonds shall mature as hereinafter provided and
shall be paid by the Mayor and Council at maturity, and such
bonds shall be so prepared that an amount shall mature each
and every year equal to the whole bonded indebtedness pro-